Marks Group Wealth Management Inc Purchases 645 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Marks Group Wealth Management Inc grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,643 shares of the software company’s stock after purchasing an additional 645 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Autodesk were worth $2,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after buying an additional 363,565 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Autodesk by 263.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after acquiring an additional 4,563,668 shares during the period. Ninety One UK Ltd grew its position in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after purchasing an additional 1,108,973 shares in the last quarter. Legal & General Group Plc raised its stake in Autodesk by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock valued at $523,940,000 after purchasing an additional 81,314 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Autodesk by 4.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,717,367 shares of the software company’s stock worth $491,673,000 after purchasing an additional 74,394 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 1.4 %

Shares of NASDAQ:ADSK opened at $291.79 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50 day simple moving average of $273.11 and a two-hundred day simple moving average of $246.64. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $294.13. The firm has a market capitalization of $62.73 billion, a PE ratio of 59.67, a price-to-earnings-growth ratio of 3.64 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business earned $1.12 EPS. Autodesk’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,200,929 in the last 90 days. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on ADSK. KeyCorp reissued an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Stifel Nicolaus increased their price objective on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Bank of America lifted their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Rosenblatt Securities increased their price target on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Piper Sandler upped their price objective on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.